Sokoman Minerals (CVE:SIC) Reaches New 52-Week High - Still a Buy?

Key Points

• Sokoman Minerals Corp. shares reached a new 52-week high of C$0.21 during trading, closing at C$0.19 with a volume of nearly 2.54 million shares.
• The company has a market cap of C$61.28 million and a price-to-earnings ratio of -13.23, indicating ongoing exploration efforts in the mineral sector.
• Sokoman's main focus is on gold projects in Newfoundland and Labrador, especially the flagship Moosehead project, highlighting its potential in the mining industry.

Sokoman Minerals Corp. (CVE:SIC - ) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$0.21 and last traded at C$0.19, with a volume of 2539869 shares changing hands. The stock had previously closed at C$0.20.

Sokoman Minerals Trading Down 7.5%

The firm has a market cap of C$61.28 million, a price-to-earnings ratio of -13.23 and a beta of 2.79. The stock's 50 day moving average is C$0.05 and its 200 day moving average is C$0.04.

About Sokoman Minerals

Sokoman Minerals Corp., an exploration-stage company, engages in the exploration of mineral properties in Canada. The company primarily focuses on its portfolio of gold projects located in the province of Newfoundland and Labrador. It has 100% owned flagship Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland.

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